DETROIT, Aug 20- Ford Motor Co plans to introduce a new hybrid gasoline-electric car in late 2018 to compete against the best-selling Toyota Prius, two sources with knowledge of the company's plans told Reuters on Wednesday. The sources said Ford eventually could offer several different body styles of the new hybrid, as Toyota does with the Prius.» Read More
General Motors said its U.S. light vehicle sales fell 11 percent in November as consumer demand softened, while Toyota Motor and Ford Motor defied expectations by reporting small sales increases for the month.
I heard it again Saturday night. I was talking to a friend at a party and he said, "I want a car I'm gonna like...I mean really like." I chuckled and told him, "Join the club." After giving him some suggestions I told him about the latest survey from Consumer Reports on the models with the most satisfied owners.
For General Motors, this is pretty darn good. No, let me amend that. This is really good. The automaker has three cars listed on Car and Driver's best of 2008. It's the only domestic automaker to get a car on the list. And most importantly, the new Chevy Malibu is among the 10 best according to Car and Driver.
Who'd have thunk it. Russia has become one of the hottest and fastest growing auto markets in the world. Now Chrysler wants a piece of the action and it may wind teaming up with a Russian automaker GAZ. Today in Michigan Chrysler executives and Michigan's governor are reportedly set to meet the president of GAZ to discuss the Russian automaker investing in the U.S.
As we wrap up this year, we are close to seeing U.S. auto sales fall to their lowest point in nine years. It has me wondering about what's spooking vehicle buyers? Is it the economy? Is this simply the natural ebb and flow of demand for new cars, trucks and SUV's?
German sports car maker Porsche Automobil Holding unveiled sharp gains in four-month unit sales and revenue on Wednesday but left investors guessing about its plans for Volkswagen.
The Pep Boys - Manny, Moe & Jack, an automotive parts and service chain, posted a wider third-quarter loss Tuesday and said it closed 31 stores, which will result in a work force reduction of about 3 percent, or about 550 employees.
General Motors will begin producing a hybrid car in China from next year, in time for the Beijing Olympics in August, the U.S. automaker said on Wednesday.
It's hard for me to find a more perplexing automaker than Volkswagen. Mainly because it is a brand and a company with so much potential, so much brand loyalty, and yet, from my perspective, it has not achieved what it should.
Volkswagen said Tuesday its core brand plans to invest 9.5 billion euros ($14.1 billion) over the next three years in new products, plants and production capacity.
I hear it everyday. "Why can't we get cars, trucks and SUVs that give us 30 miles per gallon of gas?" My answer is usually along the lines of, "Yes, the automakers can do that, but there's a trade-off. You want a big SUV to haul people and stuff, then you have to accept lower fuel economy."
Japan's Nissan Motor said on Thursday it will recall 713,986 Altima and Sentra cars in North America, mostly in the United States, because their engines may suddenly stop running.
What one car would you drive if you had to get a model with a brand other than your favorite? Here are some of your responses.
After a volatile trading session, Asian markets ended mostly lower as caution prevailed amid worries about the health of the U.S. economy -- the region's top export destination.
In a year that has included two strikes, billions of dollars in losses, tens of thousands of layoffs, and more of the "Why can't the Big 3 get their act together" comments, there is reason to give thanks in Detroit (and no, it doesn't involve the Lions).
When I was walking around the Los Angeles Auto Show last week, I remarked to a friend of mine how impressed I am with Nissan's GT-R. I am usually not the type to geek out on the chance to drive a new car, but with the GT-R, I am.
Nearly 32 million Americans will take to the roads this week for the Thanksgiving holiday, seemingly undeterred by retail gasoline prices over $3 a gallon — a figure that is translating to $100 fill ups for some.
A $4 billion sale of loans being raised by automaker Chrysler following its takeover by buyout firm Cerberus has been indefinitely postponed, the Wall Street Journal reported.
OK, I've been out of the office (and out of the country) for more than a week. So I'm just getting around to seeing the suggestions you sent me for how you would fix Ford's image. In a nutshell, all of you, and yes, I heard from a lot of people, would start by improving the quality and appeal of Ford's vehicles. But beyond that, it's clear many of you think this is a company that needs a serious infusion of fresh marketing and image building ideas.
The question now is whether GM's new red tag sale is the prudent use of incentives to clear some inventory, or if it's a sign of things to come for the automakers struggling with flat sales? I think it's a one-time thing.